Foreign-Funded Dark-Money Groups Lobby IRS to Repeal Remaining Reporting Requirements
The Campaign Legal Center, a campaign finance watchdog that has filed the ethics complaints that led to enforcement action on foreign money in the past, cautioned the IRS that the rule would simply open the door to more foreign spending. “Congress has failed to pass new transparency legislation, and the FEC has failed to enforce the transparency laws that are on the books,” said Brendan Fischer, director of Campaign Legal Center’s federal reform program. “As a result, the only donor disclosure reports that dark-money groups file with any federal agency are the confidential Schedule B reports filed with the IRS.
Read the full article here.